Non-Performing Loan Sale – Bed-Stuy/Ocean Hill

190 Rockaway Avenue

Bed-Stuy/Ocean Hill

Original Loan Amount $1M
Loan Term 20 years
Current Interest Rate 3.75
Subways
a
c
Request More Info
Would you like to know more?

I would like to be contacted:

Are you in a 1031 Exchange?

Loan/Note Sale 190 Rockaway Avenue, Bed-Stuy/Ocean Hill
Tim Thompson
Have Tim contact you

Want Tim to contact you?

I would like to be contacted:

Are you in a 1031 Exchange?

Overview

The non-performing mortgage loan is secured by 190 Rockaway Avenue. 190 Rockaway Avenue is an 5,600 SF 8-unit rent stabilized, multifamily property with four stories located in Ocean Hill, Brooklyn. The property is located within 1 1⁄2 blocks from the Rockaway Avenue C train station and in close proximity to Broadway Junction which provides access to the A, C, J, Z and L trains as well as the LIRR. The property owner has provided a rent roll of approximately $113,00/year. The units are rent stabilized with the average rent at approximately $1,178/month. The building is in the protected 2B tax class and the taxes are $9,000/year.

Attractions

Access to Broadway Junction
Proximity to A and C trains
Just off Atlantic Avenue

Brooklyn Neighborhood Guides

Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.

Learn More >